Khalifa Fund Website - The United Nations Public Service Forum 2013

Khalifa Fund for Enterprise
Development
Support Services for sustainable growth of Small & Medium
Enterprises in the UAE
June 25, 2013
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The two pillars of KF strategy
Khalifa Fund was established in June 2007, as an independent agency of the
Government of Abu Dhabi, to cultivate entrepreneurship and catalyze the
development of the UAE Small & Medium Enterprises Sector
Khalifa Fund for
Enterprise Development
Pillar 1
Promote and
develop
entrepreneurship
Pillar 2
Create Enterprises
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A mission to cultivate entrepreneurship and drive
innovation through awareness and training programs
Khalifa Fund launched a number of initiatives to instill the entrepreneurial spirit among
young Emiratis, and encourage them to consider entrepreneurship as potential career,
by providing them with the skills necessary to start their own businesses
Direct entrepreneurs to
potential projects
aligned with UAE
economic vision
Provide advisory
services during
finalization and
evaluation of the
projects
Provide support and
follow up during the setup phase for Emirati
Entrepreneurs
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A mission to cultivate entrepreneurship and drive
innovation through awareness and training programs
Khalifa Fund Conducted over 250 tailored awareness campaigns to cultivate
entrepreneurship and introduce SMEs sector as potential career option
Partnership with Injaz/
Junior Achievement
Mobile Application
Contest with Khalifa
University
Startup Weekend in
Dubai and Abu Dhabi
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The two pillars of KF strategy
Khalifa Fund was established in June 2007, as an independent agency of the
Government of Abu Dhabi, to cultivate entrepreneurship and catalyze the
development of the UAE Small & Medium Enterprises Sector
Khalifa Fund for
Enterprise Development
Pillar 1
Promote and
develop
entrepreneurship
Pillar 2
Create Enterprises
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Fostering entrepreneurship by investing in, and
supporting Emirati SMEs
Idea Sourcing and
Training
Pre-funding
advisory
Financing
Post-funding
support
In-house training programs on “how to start your own business” (3 weeks)
Idea generation courses to help identify opportunities aligned with Abu
Dhabi Vision 2030, across a variety of sectors
Business counselors help applicants finalize business plan and financials,
including putting them in touch with relevant authorities, providing them
with market research, etc.
Small, home-based
businesses
Up to AED 250,000
Growth capital,
existing businesses
Up to AED 5 million
New business startups
Up to AED 3million
Industrial projects
with high capex
Up to AED 10million
Ease administrative costs and burdens by issuing letters of support
Track performance of approved projects on a regular basis
Develop business linkages through networking events, mentorship, KF
gateway, etc.
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Khalifa Fund has also developed a host of social initiatives
targeted towards specific segments of the community
RADDA: Entrepreneurship
development for Emirati
inmates
Amal: Partnership with
Zayed Higher Organization
to develop an Aqua-Ponic
farm that provides 46
opportunities for Emiratis
with special needs
SOUGHA: Preserving the
Emirati heritage by
developing the technical skills
and business acumen of local
craftsmen-and-women in the
UAE
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Support Services Provided to SMEs
Securing
location
Franchising
MOL waivers
Licenses and
Utilities
Securing
contracts
New Market
Channels
Set-Up
phase
Growth
phase
Operating
phase
Sharaka & Tawasul
Events
Fairs and
Exhibitions
Hesabati
Initiative
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Support in the Start Up Phase
Securing location
MOUs with major public
entities managing operations
of specialized economic zones
MOL Waivers
Licenses and Utilities
Waiving and reducing Ministry
of Labor fees
MOUs with utilities and
communication providers to:
Reduce time consuming
process
MOUs with private entities
managing Malls , economic
zones and business Centers
Waiving / reducing from
registration fees
Dedicated focal point in each
entity dealing with Khalifa Fund
supported applicants
MOUs provide preferential
locations, preferential terms of
payment and additional
facilities
Special packages for supported
SMEs (Internet, data,
telephone, etc…)
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Support in the Operating Phase
Securing
Contracts
New
Market
Channels
Open market channels with
government and private entities:
• Benefits offered by Semigovernment Entities and Private
Entities (Buisness Groups, Coops, Carrefour, Lulu, etc)
• Support Exports for Companies
having potential and available
certifications
Fairs and
exhibitions
• Participate in
trade shows
both
internationally
and locally
• Visits to Fairs,
Meetings, and
site visits
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Sharaka &
Tawasul
Events
• Sharaka:
Introduce
members to
customers
Hesabati
Initiative
• Accounting
system for
supported
companies
• Tawasul:
Networking
amongst members
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Support in the Growth Phase
FRANCHISE
Improve
Business
competitiven
ess and
growth
Work closely with
select businesses to
develop the
franchising model
that is workable and
has the potential to
expand.
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Integrated e-Services platform to support the
Entrepreneurs Community
SME Toolkit
UAE
Khalifa
Fund
Website
Knowledge
Management
System
Khalifa
Fund
Gateway
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The Khalifa Fund e-Space
• Khalifa Fund Website:
Information about Khalifa
Fund, online registration and
access to KMS and Gateway
for members
• SME Toolkit: Information,
guides and tools for
starting and operating an
SME in the UAE
Entrepreneurs
in the UAE
Emirati
Entrepreneurs
Khalifa Fund
Members
Khalifa Fund
Applicants
• Khalifa Fund Gateway:
Online support, business
linkages and access to
Government tenders
• Knowledge Management
System (KMS): Research
engine for online library,
reports and statistics
relevant to SMEs in UAE
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